CREDITS is an open blockchain platform with autonomous smart contracts and the internal cryptocurrency. The platform is designed to create services for blockchain systems using self-executing smart contracts and a public data registry.
CREDITS platform is a decentralized financial system for direct interaction between participants on a peer-to-peer (P2P) basis. The platform allows delivery of financial services via a distributed ledger, self-executing smart contracts, and CREDITS cryptocurrency. The system aims to bring all participants onto one site, providing them with a platform for creating and using financial services, where everyone can both offer and use services. With a well-defined and balanced technology design, the CREDITS platform offers a new technical solution and a new conceptual model of networking participants' interactions to develop modern decentralized financial services.
The platform can execute more than 1,000,000 transactions per second and has an execution speed of 0.01 seconds. Because transaction fees are minimal, high-volume applications are possible in a way that no other available blockchain can match.
CREDITS platform is the first completely autonomous blockchain system. The platform offers a new, extended application programming interface (API) that utilizes a Turing system capable of creating services using cycles, schedules, and unique functions. No other platform offers smart contract execution speeds near those of CREDITS. In addition, the CREDITS platform can function completely autonomously and without the need for external systems' participation. Accordingly, CREDITS is fundamentally differentiated from any other current blockchain platforms.
We believe that blockchain technology is suitable for financial and loan services, trade, medicine, identification, exchanges, Internet of Things (IoT), and many other applications, some of which cannot yet be imagined.
CREDITS' unique blockchain technology offers paradigm-shifting capabilities to industries, applications, and users who require unmatched scalability. The addressable market for these services is estimated to be worth trillions of dollars.